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Gulf Manganese secures license to export manganese ore from Indonesia

Gulf Manganese Corp. Ltd.'s Indonesian unit, PT Gulf Mangan Grup, secured a direct-shipping-ore license allowing it to export 103,162 tonnes of high-grade manganese ore per year.

Mining operations will kick off in June. The subsidiary expects to initially export 1,000 tonnes per month, ramping up to 10,000 tonnes per month within six months.

The license allows Gulf Mangan to export screened and washed ore at over 49% manganese, priced on a dry-tonne-unit basis.

The Indonesian unit noted that it secured its first ore supply agreement from an approved manganese ore mine on Sumbawa island.